United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                  --------------------------------------------


                                    Form 8-K


                                 Current Report
                       Pursuant to SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported): April 7, 2000



                              THE OHIO ART COMPANY
               (Exact Name of Registrant as Specified in Charter)


                                      Ohio
                 (State or Other Jurisdiction of Incorporation)

                              001-07162 34-4319140
           (Commission File Number) (IRS Employer Identification No.)


                                 ONE TOY STREET
                                BRYAN, OHIO 43506
                        (Address, including zip code, of
                    Registrant's Principal Executive Offices)


                                 (419) 636-3141
              (Registrant's Telephone Number, including area code)






ITEM 5.  OTHER EVENTS

          (a)  On April 7, 2000, the Company refinanced its existing working
               capital line with Fifth Third Bank, Northwestern Ohio, N.A. with
               new credit facilities with The CIT Group/Business Credit, Inc.,
               and with Fifth Third Bank, Northwestern Ohio, N.A., respectively.

          (b)  On April 7, 2000, the Company issued a press release reporting
               its operating results for its fourth quarter and year-ended
               January 31, 2000 and the completion of the refinancing of its
               working capital line.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

                  (a)      EXHIBITS

                  Exhibit
                  Number            Description
                  ------            -----------

                  10.1    Loan and Security Agreement, dated April 7, 2000 with
                          The CIT Group/Business Credit, Inc.

                  10.2    Loan Agreement, dated April 7, 2000 with Fifth Third
                          Bank, Northwestern Ohio, N.A.

                  99.1    Press release dated April 7, 2000 reporting the
                          Company's operating results for its fourth quarter and
                          year-ended January 31, 2000 and the completion of its
                          working capital line.










                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form 8-K and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized on April 17, 2000.

                                                     THE OHIO ART COMPANY


                                                     By:  /s/ Jerry Kneipp
                                                        ------------------------
                                                        Jerry Kneipp
                                                        Chief Financial Officer